Communities Secretary Sajid Javid has published draft legislation to turn back the impact of any ‘staircase tax’ which contains unfairly affected as much as thousand businesses.
A recent Top court judgment saw many hundreds of businesses that are employed adjoining units or rooms, but you are accessed from your common corridor or staircase, receiving separate rate bills for each and every unit.
The ruling also resulted in some businesses facing higher rate bills, with some paying more mainly because of the loss in small enterprise rate relief.
The action Sajid Javid is to take today will mean they then can opt to obtain their rates recalculated below the old single bill system or any savings due are going to be backdated.
Communities Secretary Sajid Javid said:”The ‘staircase tax’ can be an unfair rates hike for businesses. For decades they in adjoining units or rooms received one rates bill, even so ruling meant they now faced multiple bills for operating in an office linked by the communal lift or stairs.We’re ending this by those businesses affected choosing getting their rates bills recalculated as well as any savings due backdated.”
Responding on the draft Bill and consultation, FSB National Chairman Mike Cherry?welcomed the move saying: “The Staircase Tax has arbitrarily penalised small firms since they shared a communal staircase, corridor or perhaps park your car with another business.
“It is very good news the fact that Government has stepped within repeal this ludicrous tax so i hope politicians coming from all parties can back its abolition after it is offer Parliament.
“Senior ministers, including Sajid Javid and Philip Hammond, took this decisive action after being attentive to the concerns raised by FSB and members. High quality to doing the Government’s consultation to be certain this legislation is correct and that all small companies affected are reprieved without delay.”